IFM Investors Pty Ltd Purchases 19,255 Shares of Hewlett Packard Enterprise Company (NYSE:HPE)

IFM Investors Pty Ltd raised its position in Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,511 shares of the technology company's stock after buying an additional 19,255 shares during the quarter. IFM Investors Pty Ltd's holdings in Hewlett Packard Enterprise were worth $5,192,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $164,000. D.A. Davidson & CO. bought a new stake in shares of Hewlett Packard Enterprise during the 1st quarter valued at $1,168,000. Principal Financial Group Inc. raised its stake in shares of Hewlett Packard Enterprise by 7.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,660,223 shares of the technology company's stock valued at $25,617,000 after purchasing an additional 110,675 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Hewlett Packard Enterprise by 1.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 112,877 shares of the technology company's stock worth $1,742,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Pinnacle Financial Partners Inc increased its stake in Hewlett Packard Enterprise by 6.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 11,541 shares of the technology company's stock worth $178,000 after acquiring an additional 746 shares during the last quarter. 80.78% of the stock is currently owned by institutional investors.

Insider Transactions at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the sale, the executive vice president directly owned 42,427 shares of the company's stock, valued at $871,450.58. This trade represents a 41.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeremy Cox sold 68,590 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,590 shares of company stock worth $2,436,000. Insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Stock Up 0.1%

Shares of Hewlett Packard Enterprise stock traded up $0.03 on Wednesday, reaching $20.85. The company's stock had a trading volume of 18,237,510 shares, compared to its average volume of 16,896,708. The company has a market capitalization of $27.36 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 3.01 and a beta of 1.35. The firm's fifty day simple moving average is $18.18 and its two-hundred day simple moving average is $18.62. Hewlett Packard Enterprise Company has a 52 week low of $11.97 and a 52 week high of $24.66. The company has a quick ratio of 0.96, a current ratio of 1.29 and a debt-to-equity ratio of 0.52.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.51 billion. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Equities analysts anticipate that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.49%. Hewlett Packard Enterprise's dividend payout ratio is presently 52.53%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HPE shares. Morgan Stanley upped their target price on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. UBS Group increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Loop Capital increased their target price on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a report on Monday, June 9th. Wall Street Zen cut Hewlett Packard Enterprise from a "hold" rating to a "sell" rating in a report on Saturday. Finally, KeyCorp started coverage on Hewlett Packard Enterprise in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Hewlett Packard Enterprise has a consensus rating of "Hold" and an average target price of $21.85.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.